Cake - Setting up for breakout | Long from weekly open

Long

CAKE / TetherUS (BINANCE:CAKEUSDT)

Updated

BINANCE:CAKEUSDT CAKE / TetherUS

Trend Analysis

trendanalysis

Setup as shown in the chart. Very tight risk, big return. X would be my invalidation.

Stay safe.

Comment:

Really not looking good. Cake just seems to be so weak. Every attempt has been failing so far. It might even drop below 19$ at this point. Be careful.

snapshot

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